As a result of the Home Depot breach, which compromised 56 million cards, credit unions have spent nearly $60 million dealing with card reissuance and fraud costs, according to the Credit Union National Association.
The developer of CurrentC, a mobile wallet application, has confirmed a breach at its e-mail provider, which has resulted in the compromise of e-mail addresses for those participating in a pilot program or who requested information about it.
A Massachusetts man who pleaded guilty to hacking the computer networks of law enforcement agencies across the U.S., as well as obtaining stolen payment card data, now faces a prison term.
How will the introduction of Apple Pay affect the adoption of EMV? ACT Canada's Catherine Johnston and Randy Vanderhoof of the EMV Migration Forum size up the movement toward EMV and mobile payments.
Sophisticated threats require advanced threat protection. A threat-focused next-generation firewall must adhere to three strategic imperatives. Learn how these imperatives improve defense against advanced threats.
What security and technology issues are top concerns for 2015? The transition to new payment methods and shoring up gaps in basic security practices, according to industry leaders at two ISMG summits last week.
A Bulgarian who participated in the Shadowcrew forum, a now-defunct online marketplace for hacking and identity theft, has been sentenced to 30 months in prison for his role in the operation.
Many issuers of chip-based credit cards will likely allow U.S. consumers to complete transactions with a signature, not a PIN, which will limit the fraud protections offered by EMV cards, says Citizen Financial Group's Tim Webb.
Visa is working closely with U.S. banking institutions and retailers to enhance payments security and push the migration toward EMV, says the card brand's Eduardo Perez, a featured presenter at ISMG's Fraud Summit New York.
In his keynote address at the ISMG Fraud Summit New York on Oct. 21, PCI's Bob Russo predicts credit card fraud will significantly rise in the short term as EMV payment cards get rolled out in the United States. Find out why.
Staples has confirmed that it's investigating a potential data breach after a report warned that elevated levels of payment card fraud had recently been tied to card numbers used by consumers who shopped at the office supply retailer.
While fraud-fighting experts are debating the long-term impact President Obama's "BuySecure Initiative" will have on speeding EMV adoption in the U.S., they agree the president is drawing attention to the need for stronger card security.
In the wake of recent payment card breaches, President Obama is taking steps to speed the adoption of EMV cards. He's also calling on Congress to enact a national data breach notification law and announcing a White House summit on consumer cybersecurity.
Apple's new payments platform, Apple Pay, will launch on Monday, Oct. 20. The platform enables users to pay for items using several Apple mobile devices, including the latest versions of its iPads.
Banking institutions are diligently working to clean up the mess left after retail breaches. But Congress needs to do more to ensure these breaches don't expose card data in the first place.
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